JVM crashes from OOME with many semaphores

Issue

• # There is insufficient memory for the Java Runtime Environment to continue.
  # Native memory allocation (malloc) failed to allocate 24 bytes for CHeapObj-new
  # Possible reasons:
  #   The system is out of physical RAM or swap space
  #   In 32 bit mode, the process size limit was hit
  # Possible solutions:
  #   Reduce memory load on the system
  #   Increase physical memory or swap space
  #   Check if swap backing store is full
  #   Use 64 bit Java on a 64 bit OS
  #   Decrease Java heap size (-Xmx/-Xms)
  #   Decrease number of Java threads
  #   Decrease Java thread stack sizes (-Xss)
  #   Set larger code cache with -XX:ReservedCodeCacheSize=
  # This output file may be truncated or incomplete.
  #
  #  Out of Memory Error (allocation.inline.hpp:58), pid=8553, tid=140503415797504
  #
  # JRE version: 7.0_04-b20
  # Java VM: Java HotSpot(TM) 64-Bit Server VM (23.0-b21 mixed mode linux-amd64 compressed oops)
  # Failed to write core dump. Core dumps have been disabled. To enable core dumping, try "ulimit -c unlimited" before starting Java again
  #
  
  ---------------  T H R E A D  ---------------
  
  Current thread (0x00007fc9b023a800):  VMThread [stack: 0x00007fc980203000,0x00007fc980304000] [id=8566]
  
  Stack: [0x00007fc980203000,0x00007fc980304000],  sp=0x00007fc980302550,  free space=1021k
  Native frames: (J=compiled Java code, j=interpreted, Vv=VM code, C=native code)
  V  [libjvm.so+0x8a034a]
  V  [libjvm.so+0x408e9b]
  V  [libjvm.so+0x22a48b]
  V  [libjvm.so+0x633d1a]
  V  [libjvm.so+0x63ae4d]
  V  [libjvm.so+0x63d100]
  V  [libjvm.so+0x637bdd]
  V  [libjvm.so+0x8a929c]
  V  [libjvm.so+0x8a7cb0]
  V  [libjvm.so+0x8a8236]
  V  [libjvm.so+0x8a88d0]
  V  [libjvm.so+0x741ff0]
  
  VM_Operation (0x00007fc972573140): HeapWalkOperation, mode: safepoint, requested by thread 0x00007fc96c0eb800
  ...
  7fc8ed1af000-7fc8ed1b0000 rw-s 00000000 00:0f 181749069                  /dev/shm/sem.nNE3WE (deleted)
  7fc8ed1b0000-7fc8ed1b1000 rw-s 00000000 00:0f 181749068                  /dev/shm/sem.UkBbju (deleted)
  7fc8ed1b1000-7fc8ed1b2000 rw-s 00000000 00:0f 181749067                  /dev/shm/sem.SgilFj (deleted)
  7fc8ed1b2000-7fc8ed1b3000 rw-s 00000000 00:0f 181749066                  /dev/shm/sem.Cnaw18 (deleted)
  7fc8ed1b3000-7fc8ed1b4000 rw-s 00000000 00:0f 181749065                  /dev/shm/sem.ZibInY (deleted)